Seneca Foods Co. (NASDAQ:SENEA) Stock Position Reduced by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its position in Seneca Foods Co. (NASDAQ:SENEA) by 25.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,997 shares of the company’s stock after selling 14,500 shares during the quarter. Renaissance Technologies LLC owned approximately 0.62% of Seneca Foods worth $2,468,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in SENEA. Oppenheimer & Close LLC bought a new position in Seneca Foods in the second quarter worth about $2,014,000. Pullen Investment Management LLC acquired a new stake in Seneca Foods in the first quarter worth $914,000. Quadrature Capital Ltd bought a new stake in Seneca Foods in the fourth quarter valued at $655,000. Janney Montgomery Scott LLC acquired a new position in shares of Seneca Foods during the first quarter valued at $255,000. Finally, Caldwell Sutter Capital Inc. grew its position in shares of Seneca Foods by 9.7% during the first quarter. Caldwell Sutter Capital Inc. now owns 22,685 shares of the company’s stock worth $1,291,000 after acquiring an additional 2,000 shares during the last quarter. 42.51% of the stock is currently owned by institutional investors.

Seneca Foods Price Performance

NASDAQ:SENEA opened at $61.99 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 3.83 and a debt-to-equity ratio of 0.82. The business’s 50-day moving average price is $60.68 and its 200 day moving average price is $59.16. Seneca Foods Co. has a 52-week low of $43.89 and a 52-week high of $65.50. The firm has a market cap of $429.59 million, a P/E ratio of 7.35 and a beta of 0.27.

Seneca Foods (NASDAQ:SENEA) last issued its earnings results on Thursday, August 8th. The company reported $1.49 earnings per share for the quarter. The firm had revenue of $304.73 million during the quarter. Seneca Foods had a net margin of 3.61% and a return on equity of 11.72%.

Analyst Ratings Changes

Separately, StockNews.com raised Seneca Foods from a “sell” rating to a “hold” rating in a research note on Thursday, June 20th.

About Seneca Foods

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and jarred produce; jarred fruit; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby’s, Aunt Nellie’s, Cherryman, Green Valley, and READ.